Section 38
Transfer of property
of Malaysian Timber Industry Board (Incorporation) Act 1973
ActIn forceProvision 57 of 68
Section 38
(1)
All lands that immediately before the appointed day were vested in, or reserved under any written law relating to land for the purposes of, the former Board shall on that day vest in or be deemed to be reserved for the purposes of the Board, as the case may be.
(2)
All property and assets other than land that immediately before the appointed day were vested in the former Board or in any person on behalf of the former Board shall on that day vest in the
Board.